How automation is helping to increase Efficiency | 3 Case studies of 2024
As technology is evolving, the need to save time is increasing, and for that many projects had came into play. Tools like chatgpt, good bard, LLM models like Falcon 180B, Midjourney is saving a lot of time. 91% of organizations expect their productivity to increase due to generative AI (GenAI).
In 2024, numerous ongoing automation trends are shaping the industry, some of them are :
Multimodal AI unlocks innovation
When an AI chatbot can understand not just written words but also images, we call it "multimodal".
Take OpenAI's latest brainchild, GPT-4V, for example. Unlike its predecessors, this powerful large language model reads and responds to questions about images, redefining how we interact with AI.
AI Powered Chatbots
According to g2.com, 58% of B2B companies and 42% of B2C companies used chatbots in 2023. The same report suggests that 55% of companies generated high-quality leads using chatbots in 2023.
which Renowned startups adopted AI powered chatbots in 2024 ?
Startups such as OpenAI, Anthropic, Perplexity, Replika, Anima, and Xiaoice. These companies are pushing the boundaries of AI chatbots, creating everything from personal assistants to chatbots that can hold complex conversations.
Automation in Supply chain management
Supply Chain Management (SCM) is the coordination and management of all activities involved in sourcing, procurement, production, and logistics to ensure the efficient flow of goods, services, and information from suppliers to end customers.
In inventory tracking, advanced warehouse management systems (WMS) powered by AI and ML algorithms optimize inventory placement, route planning, and resource allocation to maximize operational efficiency.
Automation solutions, including RFID (Radio Frequency Identification) tagging, barcode scanning, and computer vision, are revolutionizing inventory tracking and management.